The Dynamic Effect of Aggregate Supply and Aggregate Demand Shocks (notice n° 546052)
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| fixed length control field | 01636cam a2200157 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121113931.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Legrand, Romain |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The Dynamic Effect of Aggregate Supply and Aggregate Demand Shocks |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2012.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 13 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Germany represents a particular case in Europe because of the occurrence of two major structural changes since the end of the Seventies: first the reunification of the Federal Republic of Germany and the German Democratic Republic in 1990; then the implementation of the Euro currency in January 1999. This paper endogenously dates and tests for the presence of one or several structural breaks in the joint dynamic process of GDP and the unemployment rate. Following the methodology initiated by Blanchard and Quah [1989], it identifies the respective contributions of aggregate supply and demand shocks, prior to the estimated break and after it. This empirical study, based on post-1979 data, reveals: a significant break at the end of the year 1997, which corresponds to the implementation of the Stability and Growth Pact. the predominance of the supply component in the fluctuation of output for the period immediately preceding the Euro implementation; subsequently to the break, this predominance remains verified in the short run for the unemployment rate and in the medium run for output. Classification JEL: C32, C5, E32. |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue économique | 63 | 1 | 2012-01-16 | p. 129-155 | 0035-2764 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-economique-2012-1-page-129?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-economique-2012-1-page-129?lang=en&redirect-ssocas=7080</a> |
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